3 reasons why the Rio Tinto (ASX:RIO) share price is up today // The Motley Fool Australia

The Rio Tinto Limited (ASX: RIO) share price is on the rise today, currently trading 1.3% higher at $119 a share.

Here are 3 reasons why the Rio Tinto share price could be getting a lift at the moment.

Rio Tinto dividend is on the way

With the miner’s annual results release scheduled for 17 February 2021, eager investors are already anticipating the next Rio Tinto dividend. The dividend record date is 5 March 2021.

With the price of iron ore still on fire, the Australian Financial Review reported that a record dividend payout is expected from Rio Tinto. Consensus forecasts are predicting a $4.20 interim dividend.

UBS has also forecast a record dividend for Fortescue Metals Group Limited (ASX: FMG), predicting a dividend of $1.45…